Record, but no big spike

UK covid cases

The weekly pattern of US covid tests is for higher numbers later in the week. Given that we had a record on Tuesday, I wrote yesterday that I was concerned about a spike to 70K weighing on sterling.

That may yet come later in the week but it's only a moderate climb today.

Deaths were at 1041 vs 830 a day ago. That's the highest since April.

Cable is under some pressure but that looks like it was broad fixing demand for the US dollar.